Beef Carcass Price Equivalent

NW_LS410
Des Moines, IA     Mon, May 07, 2012     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $177.36             $171.68
 Change =>                       0.75               -0.56
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Current Index Reflects the Equivalent of 166,998 head of cattle.
SUPPLY (Live)  90,937 Hd
Equivalent:                   $176.24             $170.69
DEMAND (Box)   76,061 Hd*
Equivalent:                   $178.48             $172.68
Live-Box Spread:              ($2.24)             ($1.99)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $190.48
                  Weight   Price     Head      : Se 600-900#          $184.68
  Live Steer:          1320   $120.71    33,340: Current Lds:           168.1
  Live Heifer:         1196   $120.49    23,452: Previous Lds:          211.0
  Drsd Steer:           866   $192.86    21,581
  Drsd Heifer:          800   $193.28    12,564
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       13.82
 Ch 600-900# :                 73.55%:         Steer Dressing % :      63.82%
 Ch 600-750# :                 26.25%:         Heifer Dressing %:      63.79%
 Ch 750-900# :                 47.30%:         Processing Cost  :       12.00
 Se 600-900# :                 26.45%:         Slaughter Cost   :       50.50
 Se 600-750# :                  7.35%:
 Se 750-900# :                 19.10%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 177.36                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -28.93    -13.04               -1.70    -21.54
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 Prime 1-3            16.93   $165.36   $181.25   $194.29   $192.59   $172.75
 Certified 1-3         4.45   $152.88   $168.77   $181.81   $180.11   $160.27
 Choice 1              3.38   $151.81   $167.70   $180.74   $179.04   $159.20
 Select 1             -1.62   $146.81   $162.70   $175.74   $174.04   $154.20
 Stndrd 1-3          -19.76   $128.67   $144.56   $157.60   $155.90   $136.06
 Prime 4               4.23   $152.66   $168.55   $181.59   $179.89   $160.05
 Choice 4            -11.38   $137.05   $152.94   $165.98   $164.28   $144.44
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*Reflects total boxed beef load count from past 5 days
multiplied by 75, the average head per boxed beef load.
(1) differentials based upon current premiums and discounts.
Note: Index reflects simple average of live and box equivalents.

Source: USDA Market News Service, Des Moines, IA
        Bryant Smith  515-284-4460  Desm.LGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LSMarketNews

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